STOCK PRICES, 1900-1995: THE REAL AND NOMINAL STORY
Prompted by the inflation-adjusted Dow Jones Industrials Average setting its first record high in almost thirty years in 1995, this paper studies the impact of inflation on nominal and real stock prices from a theoretical, historical, and empirical perspective. While stocks are an excellent longterm...
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| Format: | Article |
| Language: | English |
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Economic & Business History Society
2000-06-01
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| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/289 |